A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market.
Each year, the Toronto Regional Real Estate Board (TRREB) recognizes REALTOR® Members with accolades for their dedication and tireless commitment to their communities, and leadership within the profession and the real estate industry as a whole.
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a monthover-month and year-over-year basis. More balanced market conditions have provided buyers with…
After a brief downturn due to COVID-19, immigration is back to normal in the Greater Toronto Area (GTA), with the City of Toronto anticipating an additional one million residents over the next 30 years. Immigration is a cornerstone of economic growth and key to the diversity that makes regions, such as the GTA great. Studies,…
With housing affordability challenges high on the list of priorities for many voters, the Toronto Regional Real Estate Board (TRREB) is calling on all political parties and candidates running in the 2022 Ontario election to take serious action following the election and prioritize housing policies that will help increase the supply of homes for sale…
In line with best statistical practices, the MLS® HPI is reviewed annually. Coverage may be revised when results from the Annual Review are implemented each June. For example, HPI coverage may now extend to areas within markets where sales volumes were previously too low but have picked up enough to support Benchmark price tracking. On…
The province’s June 2 election day is just around the corner, and with housing being top of mind for many Ontarians, TRREB hosted a debate on the Ready to Real Estate Podcast between provincial candidates in GTA ridings.* Abhijeet Manay, the Green Party deputy leader and candidate for the riding of Beaches–East York, and Lisa Patel, TRREB…
In an attempt to curb rising inflation, the Bank of Canada has been hiking its policy interest rate – with the most recent increase being 50 basis points to 1 per cent. The Bank’s target for the Overnight Lending Rate directly impacts the cost of borrowing for variable rate mortgages and lines of credit and indirectly…
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales.
The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given…